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Atlantic City Struggles in July

The New Jersey Division of Gaming Enforcement has released the state's gambling revenues for the month of July, noting that casino revenues dropped 6.6% when compared to the same period last year.

The city's casinos brought in $264.2 million for the month, which is yet another spear in the side for the state's flailing gambling industry. For the month, only four casinos generated positive financial results: Harrahs, Tropicana, Resorts, and the Golden Nugget.

For the year land revenues are down 7.2% to just $1.55 billion.

Those numbers will likely suffer further though, as the Showboat, Revel, and Trump Plaza casinos will be shutting their doors later this year.

Online gambling is a bit of a bright spot for the industry though, as online operations have generated $73.1 million in revenues for the year, including $10.1 million during the month of July.

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